985 White Cloud DrMorgan HillCA95037
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Morgan Hill at 985 White Cloud Dr, Morgan Hill, CA, 95037 offers $7,343/mo rent that, after a $5,374/mo payment, leaves $359/mo cash flow. Total monthly income is $7,343/mo, and annual cash flow is $4,303/yr on $355,752 cash. Return on cash invested measures 21.58% in year one, and rental yield stands at 8.03% at a $1,098,000 entry. Equity gained on principal adds $7,085/yr while 5% annual appreciation compounds into $303,357 by year five. Five-year ROI records 111.93% and total cumulative return in cash reaches $398,200. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,343/mo property income versus a $5,374/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95037, Morgan Hill, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,093 (100%) |
| Owner Occupied HU | 12,917 (67.7%) |
| Renter Occupied HU | 5,331 (27.9%) |
| Vacant Housing Units | 845 ( 4.4%) |
| Median Home Value | $1,310,527 |
| Average Home Value | $1,370,583 |
Housing Distribution
Address Breakdown
Residential
17,729
Single Family
16,416
Multi-Family
1,313
Businesses
1,441
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Listed by: Sadik Azar • CENTURY 21 Real Estate Alliance
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81973397
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 22:32:28 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.